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Trade Ministry closes faulty ATMs

27 May 2014, 17:07

Abuja – The Weights and Measures Department of Federal Ministry of Industry, Trade and Investment has sealed malfunctioning Automated Teller Machines (ATMs) belonging to United Bank of Africa and Union Bank.

The ATMs are in Wuse 2 and Abuja respectively.

According to officials, this is part of the efforts to ensure consumers get value for money.

Salim Mohamed, a legal metrology in the Measures Department stated that both banks contravened the provision of weight and measure Act by deploying machines that were not certificated by the appropriate authority.

“The essence of the exercise is to enforce compliance to the provision of the Weight and Measure Act which states that any equipment that is deployed to use in the country must be properly certificated.

“Before any equipment is put into use in Nigeria, it has to be verified to find out whether it is accurate.

This is the normal practice all over the world, and Nigeria cannot be an exception.

 In the exercise we have just concluded, we found out that the banks contravened the provision of the laws and we have taken an initial step to stop the usage of their ATMs and counting machines” he said.

The ongoing compliance exercise began in 2012.

“It will continue until all organisations using weight and measure equipment in the country comply with the provision of the law,” said Mohamed.

 –    CAJ News

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